SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* SCHAEFER MARLA L (Last) (First) (Middle) C/O CLAIRE'S STORES, INC. 3 S.W. 129TH AVENUE (Street) MIAMI FL 33027 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CLAIRES STORES INC [ CLE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner X Officer (give title below) Other (specify below) Co-Chairman of Board/Co-CEO
	3. Date of Earliest Transaction (Month/Day/Year) 03/29/2004
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $.05 par value per share	03/29/2004	03/29/2004	S		200	D	$20.76	523,036	I	By Dynasty Trust(1)
Common Stock, $.05 par value per share	03/29/2004	03/29/2004	S		0	D	$0	5,218,680(2)	I	By Rowland Schaefer Trusts(3)
Common Stock, $.05 par value per share	03/29/2004	03/29/2004	S		0	D	$0	6,874	D(4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SCHAEFER MARLA L (Last) (First) (Middle) C/O CLAIRE'S STORES, INC. 3 S.W. 129TH AVENUE (Street) MIAMI FL 33027 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) Co-Chairman of Board/Co-CEO

1. Name and Address of Reporting Person* SCHAEFER E BONNIE (Last) (First) (Middle) C/O CLAIRES STORES INC 3 SW 129 AVE (Street) PEMBROKE PINES FL 33127 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner X Officer (give title below) Other (specify below) Co-Chairman of Board/Co-CEO

Explanation of Responses:

1. The Reporting Person is a co-trustee of the 2000 Sylvia Schaefer Irrevocable Trust ("SSI Trust"),which holds a 45% shareholder interest in Schaefer Family Holdings, Inc. ("SFHI").SFHI is the general partner of each of the RS Family Limited Partnership ("Partnership") and the RS Family Limited Partnership No. 2 ("Partnership 2").The 2000 Rowland Schaefer Dynasty Trust ("Dynasty Trust"),a partner in Partnership,received shares pursuant to a pro rata distribution from Partnership to its partners for no consideration.The Reporting Person is also a co-trustee and a beneficiary of the Dynasty Trust.The Reporting Person,as a co-trustee, and pursuant to the terms of the Dynasty Trust,shares voting and investment control with respect to these shares but cannot individually direct voting or investment control with respect to these shares and,accordingly,disclaims beneficial ownership with respect to these shares,except to the extent of the Reporting Person's pecuniary interest in these shares.

2. Includes shares previously held by Partnership and Partnership 2.

3. The Reporting Person disclaims beneficial ownership of these shares, except to the extent of the Reporting Person's pecuniary interest in these shares, because the Reporting Person does not individually direct voting or investment control with respect to these shares.

4. Shares held solely by Maria L. Schaefer.

	/s/Maria L. Schaefer	03/31/2004
	/s/ E. Bonnie Schaefer	03/31/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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